Chicago, June 13 – Hong Kong Nanshan Development Ltd. placed HK$249.6 million of 7½% bonds due 2024 at 100.5, according to a term sheet.
The bonds are guaranteed by Nanshan Group Co., Ltd.
The bonds were purchased by Aceso Life Science Group Ltd. and Hao Tian International Construction Investment Group Ltd. from Shanghai Commercial Bank Ltd. The bonds were placed with Shanghai Commercial Bank via a private placement, through Zhongtai International Securities Ltd. as placing agent.
The issuer was incorporated in Hong Kong on April 3. The guarantor focuses on the business of aluminum, textile and apparel, construction and real estate development, and logistics.
| Issuer: | Hong Kong Nanshan Development Ltd.
|
| Guarantor: | Nanshan Group Co., Ltd.
|
| Amount: | HK$249.6 million
|
| Issue: | Bonds
|
| Maturity: | June 13, 2024
|
| Placement agent: | Zhongtai International Securities Ltd.
|
| Coupon: | 7½%
|
| Price: | 100.5
|
| Change of control: | At 101
|
| Trade date: | June 13
|
| Settlement date: | June 15
|
| Distribution: | Private placement
|
| ISIN: | XS2620552484
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
